Comments on: July 31, 1987 Black Monday 1987 Market Crash Prediction

By: raitisfreimanis

raitisfreimanis — Fri, 28 Aug 2009 22:14:10 +0000

Actually the Dow …
Actually the Dow had two big drops in October 1987, the 19th -22.61% and the 26th -8.04%.

By: raitisfreimanis

raitisfreimanis — Fri, 28 Aug 2009 22:14:10 +0000

Actually the Dow …
Actually the Dow had two big drops in October 1987, the 19th -22.61% and the 26th -8.04%.

By: raitisfreimanis

raitisfreimanis — Fri, 28 Aug 2009 22:14:10 +0000

Actually the Dow …
Actually the Dow had two big drops in October 1987, the 19th -22% and the 26th -804%.

By: johnnyafairbanks

johnnyafairbanks — Fri, 28 Aug 2009 22:14:10 +0000

Another person who …
Another person who predicted the crash was Martin Zweig on another PBS show, “Wall $treet Week” with the late Louis Rukeyser…just THREE DAYS before Black Monday!!!

By: shadowpal2

shadowpal2 — Fri, 28 Aug 2009 22:14:10 +0000

congress has always …
congress has always been the major source for a market crash. 1929 – That tarrif act made by those 2 politicians. 1987 – protectionism.

If pro is opposite of con? What is the opposite of progress?

By: dan020350

dan020350 — Fri, 28 Aug 2009 22:14:10 +0000

let the dumb market …
let the dumb market crash….

By: jordinho13

jordinho13 — Fri, 28 Aug 2009 22:14:10 +0000

But he didn’t say …
But he didn’t say the downturn would distinguish itself from other Octobers. He just said it would be another, “October-type massacre,” like from, “the old days.”

Though, I give him credit for not drinking the kool-aid like everyone on wall street did/does.

By: bertmanna

bertmanna — Fri, 28 Aug 2009 22:14:10 +0000

He predicted a …
He predicted a major market downturn when everyone else was bullish. Mr. Brown was not welcomed back on the Nightly Business Report after for being so pessimistic when all the other analysts were so positive. The Market Letter published during that time was titled “Raise Cash, Protect Profits”. He successfully forecasted a major market downturn.

By: jordinho13

jordinho13 — Fri, 28 Aug 2009 22:14:10 +0000

He didn’t say, ” …
He didn’t say, “October massacre,” he said, “October massacres,” meaning multiple. He was talking about previous Octobers where the stock market took a dip after good summers, and implied that October 1987 would resemble some past Octobers. He predicted nothing. No previous Octobers ever lost 22%, so how could he be comparing that year to previous years?

By: stevehawking

stevehawking — Fri, 28 Aug 2009 22:14:10 +0000

nice.
nice.